Depreciation
This query is : Resolved
sankar ponnan
(Querist)
01 July 2020
SIR
We are doing logistics business and providing trucks for our business. How will the depreciation be charged?
thanks in advance
We are doing logistics business and providing trucks for our business. How will the depreciation be charged?
thanks in advance
09 August 2020
23 September 2013 As per the Income tax act depreciation rate for the vehicles used for business purpose(transport operation) is 30%. If such asset is purchased on or after 1st October of the concern year then the depreciation rate shall be the 50% of the above rate for such year.
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